Quarterly ResultAug 5, 2026, 06:08 AM
Owens Corning Q2 Net Sales $2.8B; Diluted EPS $3.84; Free Cash Flow $199M
AI Summary
Owens Corning reported strong second-quarter 2026 results from continuing operations, with net sales of $2.8 billion and diluted EPS of $3.84. The company generated robust operating cash flow of $398 million and free cash flow of $199 million, while returning $264 million to shareholders. Strategic highlights include the completion of its glass reinforcements business sale, exceeding synergy targets, and a key management appointment, positioning the company for continued growth and performance.
Key Highlights
- Q2 Net Sales from Continuing Operations were $2.8 billion, in line with prior year.
- Q2 Diluted EPS from Continuing Operations was $3.84, with Adjusted Diluted EPS at $3.93.
- Generated Q2 Operating Cash Flow of $398 million (+22% YoY) and Free Cash Flow of $199 million (+54% YoY).
- Returned $264 million to shareholders through $200 million in share repurchases and $64 million in dividends.
- Completed the sale of its glass reinforcements business on April 30, 2026.
- Achieved $135 million of enterprise run-rate cost synergies, exceeding its $125 million commitment.
- Appointed Jonathan Collins as Executive Vice President and CFO, effective August 10, 2026.
- Forecasts Q3 2026 revenue of $2.6 billion to $2.7 billion and Adjusted EBITDA Margin of 20% to 22%.
Price Impact
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